"'Happily N'Ever After' fractures a classic fairy tale in a way that is fresh, funny and immensely entertaining," gushes Lionsgate theatrical chief Tom Ortenberg. "When a film's Cinderella and Evil Stepmother characters are played by action heroinesSarah Michelle Gellar and Sigourney Weaver, you know you're in for a different kind of enchantment. We think audiences of all ages will get a big kick out of 'Happily N'Ever After.'"

In a statement, Lionsgate describes "Happily" thusly, "It is set in Fairy Tale Land,where the age-old balance between good and evil has been thrown out of whack. Commanded by Frieda, Cinderella's power-mad stepmother, an unholy alliance of bad guys is taking on the good guys. When Cinderella (aka Ella) sees her own fairy tale take a radical left turn, she sheds her damsel-in-distress trappings to lead the resistance."

Fair enough.

The project comes from BAF Berlin Animation Film.

"We are thrilled that Lionsgate will be bringing 'Happily N'Ever After' to the U.S. and Canada," says co-executive producer Ralph Kamp. "We couldn't have found a better home for our movie, and are looking forward to a great relationship with Lionsgate and a big box office success."